REI Lense

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$2,014 (target)

44203 Covington Rdg, Hammond, LA 70403

beds • baths • 2320 sqft

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This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $68,397 initial cash invested.

-6.07%

Cash On Cash

5.09%

Cap Rate

0.85

DSCR

$2,014

Rent

-$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,014 income − $2,360 expenses = $346 out of pocket

Income$2,014Out of Pocket$346Mortgage P&I$1,62681%Property Taxes$965%Insurance$1146%Management$20110%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,397

Downpayment

20%

$65,140

Closing costs

1%

$3,257

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,014

Total Expenses

$2,360

Mortgage P&I

81%

$1,626

Property Taxes

5%

$96

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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